Richard Balles at A-k Real Estate guides the First time Home Buyers

A-K Financial:  First Time Home Buyers

With one of the most diverse and extensive product lines in the industry, A-K Real Estate with help of Richard Balles, has mortgage products to fit a variety of home financing needs. Richard Balles has listed some of the most popular here. To learn which loan options are best suited for your individual situation, schedule a consultation with one of our Home Mortgage Consultants at A-K Financial.

Richard Balles suggests Home Opportunities SM
Little or no down payment required
Flexible income, credit and debt guidelines, including non-traditional credit histories
Incentives for public employees

For home buyers with the following consideration points:

High debt ratios and little savings
Non-traditional credit histories
Both documented and undocumented income
Experienced financial difficulties
Qualified public employees

Richard Balles suggests - FHA Loan
Low down payment requirements
Flexible income, debt, and credit requirements to help borrowers qualify
Down payment and closing costs may be funded by a gift, grant, or secured loan.

For homebuyers with the following consideration points:

Homebuyers with limited savings
Homebuyers with low-to-moderate income

Richard Balles suggests - VA Loan
For homebuyers with the following consideration points:

Qualified veterans, reservists, active-duty service members
Homebuyers with low-to-moderate income
Homebuyers with limited savings

Down Payment Assistance Program (DAPs) Available for a limited time by Richard Balles

For homebuyers with the following consideration points:

Income and purchase price limits apply. See your mortgage consultant for details

Richard Balles suggests - Fixed-Rate Mortgage Loan
Fixed-rate mortgages give you the security of knowing your monthly principal and interest payment will not change. A-K Financial provides a variety of fixed-rate products, with loan terms ranging from 10 to 40 years.

Predictable payments. The monthly principal and interest payment is fixed over the life of the loan.
Protection from rising interest rates. No matter how high market interest rates go, your mortgage rate remains the same over the life of your loan.

For homebuyers with the following consideration points:

Prefer regular payments with no surprises
Have limited or fixed incomes
Plan to stay in their homes a long time
Are buying a home at a time when interest rates are comparatively low

Richard Balles suggests - Adjustable-Rate Mortgage
Interest rate that is fixed for an initial period, then adjusts periodically based on market conditions
Lower initial rate than with a fixed-rate mortgage
A variety of fixed-period options ranging from one to ten years

For homebuyers with the following consideration points:

People looking to increase their short-term cash flow
Buyers who need a larger loan amount than they can qualify for with a fixed-rate mortgage
Homebuyers who plan to move or refinance within a few years
Financial assistance for down payment and closing costs
No repayment of gift required
Minimal paperwork
No down payment required in most cases
Flexible income, debt, and credit requirements to help borrowers qualify
Down payment and closing costs may be funded by a gift, grant or secured loan

“If you want to do something worth doing, you'll need two things: passion and architecture. But without the right tools, you can’t succeed. “
A-K Financial agents are committed, passionate, and have well-crafted support and training. Outfitted with the best tools to succeed in real estate and finance and to satisfy buyers and sellers. Meet with Richard Balles A-K Financial agent today and begin building the framework for your dreams.

Conventional Loans by Richard Balles

As a first-time homebuyer or a savvy move-up buyer, our programs are designed to accommodate homebuyers with limited personal savings or who choose not to deplete their personal savings as well as those who have a less-than-perfect credit history. You may be able to buy a home after all. Richard Balles at A-K Financial offers a variety of options to meet your needs and preferences. Best for people who: Don't want to wait to accumulate a large down payment. Don't want to deplete personal savings, cash in investments, or use home sale proceeds to fund a down payment. Have past credit problems and little or no cash for a down payment. With one of A-K Financial's home financing programs specially designed by Richard Balles, the wait for your new home is over. Richard Balles or any of A-K Financial's Loan Officer can help you decide between a fixed rate mortgage and an ARM, with or without points, or can counsel you regarding the variety of special financing programs we offer. Contact us today to find the program that best fits your needs! In conjunction with our Richard Balles at A-K Real Estate offers a step-by-step outline of the home-buying process, which includes obtaining financing for the home of your dreams. We also offer some financing tips to help you along in the process.